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Last year Indonesia celebrated a new milestone for its economy. The Indonesian GDP per capita breached US$3,000 in 2010, a threshold that for a long time had been the target of the Chinese government.

In China, its Communist Party’s annual congress in 2002 decided on a target of $3,000 GDP per capita in 2020. That target was reaffirmed by President Hu Jintao in a speech delivered at the ...